What's your Edge

I lowered number of losing trades by learning charting better for intraday, winning % over 90%. Long term, I studied for few years on how to hedge both when entering and hedging open profits when charting pullbacks happened. I expect to lose on underlying as I trade against trend so there is more hedge than underlying, so overall losing underlying positions, options produce overall profits to negate futures loses and still give profits. Method is seeking 60-75% of last 9 year extremes plus add on deep pullbacks. Automation is a must now, but I consider it too be a Holy Grail for me. Been trading over 4 decades, have developed 6 systems that seldom lose. Do anything long enough, one spots recurring patterns in trading and life.
 
Handle123 said:
I lowered number of losing trades by learning charting better for intraday, winning % over 90%. Long term, I studied for few years on how to hedge both when entering and hedging open profits when charting pullbacks happened. I expect to lose on underlying as I trade against trend so there is more hedge than underlying, so overall losing underlying positions, options produce overall profits to negate futures loses and still give profits. Method is seeking 60-75% of last 9 year extremes plus add on deep pullbacks. Automation is a must now, but I consider it too be a Holy Grail for me. Been trading over 4 decades, have developed 6 systems that seldom lose. Do anything long enough, one spots recurring patterns in trading and life.
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Nice post. Thank you. I dabbled in Options a little bit doing just Covered Calls and Covered Puts on European style Options. It was working really well but somewhere along the line I went back to focus on underlying spot FX.

Definitely want to go back, I have an idea for a good pricing model, but it's completely untested right now.

Definitely agree that screen time helps you to spot opportunities. I have been trading on and off for 14 years now. At the moment I prefer a quantitative approach with automation, because I have a background in math and computer science. But experience definitely improves an articulated edge further so probably why I would not go to full automated execution at the moment.
 
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themickey said:
My method is systematic discretionary.
I use a number of algos to give me a heads up on best buys & sells, because of the large number of signals I use discretionary along with research but also TA to pick the best.
I don't use a mainstream method of TA.
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I agree, can't do how the masses trade TA to be profitable enough, some signals will be taken but also with chart patterns works for me. Takes long time to learn how to buy low and sell high , but risk is less.
 
Rapunzel said:
Hi Folks, I hope you are all well and good.

I was just curious to ask; if you would willing to share the percentage edge you currently work with on your best strategy. Just so people can have a rough idea of what a reasonable edge looks like.
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What does 'percentage edge' mean?
 
Greetings, thanks for the post. I mean, assuming you trade a with a certain R:R consistently for the most part; how much above your break-even win rate do you deliver.
 
tomorton said:
The only edge my strategy has is the ability to pyramid winners repeatedly, as I use a long-term trend-following approach.
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Heard of these strategies, i'm skeptical. I feel like when you double down on a winner you are entering a new position which requires a new review (analysis).

Does it work for you?
 
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